Gem Diamonds Limited (OTCMKTS:GMDMF – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 39,190 shares, an increase of 15,639.0% from the August 31st total of 249 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is currently 2.3 days.
Gem Diamonds Price Performance
Shares of GMDMF opened at $0.17 on Friday. Gem Diamonds has a 52-week low of $0.01 and a 52-week high of $0.18. The business’s 50 day moving average price is $0.09 and its two-hundred day moving average price is $0.07.
About Gem Diamonds
Gem Diamonds Limited is a diamond mining company focused on the exploration, recovery and sale of high-quality rough diamonds. Its principal asset is the Letšeng diamond mine in Lesotho, which the company operates through a joint venture with the Government of Lesotho. Letšeng is known for producing large, high-value diamonds and is regarded as one of the world’s highest-elevation diamond mines.
Gem Diamonds acquired its interest in Letšeng in 2006 and has since recovered several notable stones, including the 603-carat Lesotho Promise.
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